CleanTech Lithium (LON:CTL) Shares Up 7.1% – Should You Buy?

CleanTech Lithium Plc (LON:CTL)’s share price traded up 7.1% during trading on Thursday. The company traded as high as GBX 7.50 and last traded at GBX 7.50. 519,470 shares traded hands during trading, a decline of 71% from the average session volume of 1,786,488 shares. The stock had previously closed at GBX 7.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 17 price target on shares of CleanTech Lithium in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 17.

CleanTech Lithium Stock Down 3.8%

The stock has a market cap of £23.74 million, a price-to-earnings ratio of -4.06 and a beta of -0.79. The company has a 50 day simple moving average of GBX 6.71 and a 200 day simple moving average of GBX 7.59.

CleanTech Lithium Company Profile

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to produce material quantities of sustainable battery grade lithium products using Direct Lithium Extraction technology powered by renewable energy. The Company plans to be a leading supplier of ‘green’ lithium to the EV and battery manufacturing market.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and hold licences in Llamara and Salar de Atacama, located in the lithium triangle, a leading centre for battery grade lithium production.